Identify what you consider to be the main advantages/disadvantages of free trade.
Do you consider the advantages outweigh the disadvantages?
consider the question from the following perspectives:
Comparative and competitive advantage
International institutions and world trade
Barriers to trade and protectionist policies
By the end of the discussion, you should:
Understand the concept of free trade and how this manifests itself in the world today
Appreciate the influence that international institutions have on international business
Understand the practical limitations of classical trade theories
The learning outcomes for this discussion are:
Critically evaluate the motives for, and barriers to, internationalisation.
Demonstrate understanding of current levels and trends of global trade and business.
Guidelines for discussion responses: